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Aguilar Company receives a $2,000 cash payment from a customer whose accounts receivable was previously written off. In recording this transaction, which of the following
Aguilar Company receives a $2,000 cash payment from a customer whose accounts receivable was previously written off. In recording this transaction, which of the following are true? Check all that are true. Select one or more: Accounts receivable is credited/decreased for $2,000 O Cash is debited/increased for $2,000 Allowance for doubtful accounts is debited/decreased for $2,000 Bad debt expense is credited/decreased for $2,000 Cash is credited/decreased for $2,000 Allowance for doubtful accounts is credited/increased for $2,000 Accounts receivable is debited/increased for $2,000 O Bad debt expense is debited/increased for $2,000
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